From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let’s dive in and take a look at some of the most important stocks from around the world.

Here’s this week’s list:

From the Desk of Kimmy Sokoloff

Mega-Cap Tech hung on today, and so did the market. 

$SPY held yesterday's low and headed higher.

We still can see SPY 421 in time.

The most significant insider buy on today’s list is a Form 4 filing by Greg Hayes, the CEO of Raytheon Technologies $RTX.

Hayes reported a purchase of roughly $1 million in Phillips 66 $PSX, where he serves as a director.

From the Desk of Kimmy Sokoloff

Happy Friday!

Well, the tech heavyweights that reported last night had a bumpy evening.

Question is, will $AMZN, $GOOGL, and $AAPL gap and go lower or reverse and bounce?

If you're short Peloton with the price above those former highs from the back half of last year, I think you're insane.

The squeeze is on here folks.

At last glance we saw 15% of the float was still short.

Look at this beautiful bottom and breakout:

From the Desk of Kimmy Sokoloff

Markets continued higher today...

And then, around 2:00 p.m. ET, the indices took a much-needed breather.

The largest insider buy on today's list is a Form 4 filing by Steve Miron,  director at Charter Communications $CHTR.

Miron revealed the purchase of $960,875 worth of CHTR shares.

From the Desk of Kimmy Sokoloff

For some time now, I've said $SPY can touch 410. We're here now.

If we continue to hold on and slightly contract, then SPY can see 421.

From the desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

From the Desk of Steve Strazza @Sstrazza 

In case I haven't been obnoxious enough, we are in the early stages of a new bull market.

I cannot be more clear about this. I feel it in my bones.

Today, the Fed had their first meeting of the year, and did exactly what everyone thought they would do. The market flew straight into rally mode as soon as the press conference began. There were no surprises.

This is because, very much unlike 2022, the path of least resistance for risk assets is now higher.

We're seeing risk-on action characterize the tape on a regular basis.

Breakouts are sticking. The list of new highs is growing longer and longer. Meanwhile, new lows are almost non-existent, and the breakdowns from December have failed and followed through higher.

It's all bull market stuff.

Along the same lines, we're seeing more and more stocks offer bullish chart setups that we want to be buying. And we're entertaining all of them.

It's time to be aggressive on the long side.

From the Desk of Kimmy Sokoloff

What a day... February started off with a bang!

I mentioned in the live trading room that if the market likes what Fed Chair Jerome Powell has to say we can see $SPY 410.

We sure did hit that level... and then some.

This is the video recording of our February 1, 2023, Inside Scoop Weekly Strategy Session.